Netflix, RIMM, GMCR Among Those Booted from Nasdaq 100

By Brendan Conway

The Nasdaq 100, the index of the biggest non-financial companies listed on the tech-heavy exchange, this year saw several closely watched components get lapped in market value.

Per the index rules, those stocks — which include Netflix (NFLX) and BlackBerry maker Research In Motion (RIMM) — will be removed from the index.

Bloomberg

Netflix entered Monday ahead by 35% year-to-date, but the streaming-video company’s roughly $5 billion market cap isn’t enough to keep it part of the index. The same is true for Research In Motion, whose shares are down about 3% YTD, Green Mountain Coffee Roasters (GMCR), down 10%, and Electronic Arts (EA), down nearly 26%. Ten stocks in total are being removed from the index in this year’s annual re-rating.

The ten stocks soon to take their place include Discovery Communications (DISCA), Equinix (EQIX), Liberty Media (LMCA), and Western Digital (WDC).

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Chris Dieterich has covered the U.S. stock market for The Wall Street Journal and Dow Jones Newswires. He is a graduate of Regis University and the Missouri School of Journalism.